Declaring Yourself On IRS Income Tax Form Question

by Samantha
(North Brunswick, NJ)

Declaring Yourself On IRS Income Tax Form Question

Declaring Yourself On IRS Income Tax Form Question

In the state of New Jersey, are you able to declare yourself as your own dependent in the tax forms?

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Jan 20, 2024
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starstarstarstarstar 		Dependency Rules in NJ
by: BB

In the state of New Jersey, you cannot declare yourself as your own dependent for tax purposes. Dependents typically include children or other qualifying relatives. However, it's recommended to consult with a tax professional or use tax software to ensure accurate and up-to-date information based on your specific situation.

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Declareing Flatmate Board?

by George
(Gold Coast)

Do I have to declare the rent from my 2 flat mates as I am paying off my unit?

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Jan 20, 2024
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starstarstarstarstar 		Rental Income From Flat Mates
by: BB

Yes, you generally need to declare the rent you receive from your flat mates as rental income on your tax return. Rental income is considered taxable, and you are required to report it to the tax authorities. However, you may also be eligible for deductions related to the expenses associated with renting out part of your unit.

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